New Foam Line in SC
HFI subsidiary begins pouring foam in the U.S.
Home Textiles Today Staff // News & Commentary • October 13, 2021
David Li, chairman and CEO of both Home Furnishing International and Palmetto Pedic
Palmetto Pedic LLC, the two-year-old foam manufacturer owned by fabric and home fashions manufacturer Home Furnishing International, is unveiling a new line of conventional foam and memory foam for use in mattresses, foundations, upholstery and accessories.
“The combination of global supply chain difficulties and the imposition of anti-dumping duties means that there is a huge demand for foam and foam bedding products here in the U.S.,” said David Li, chairman and CEO of both Home Furnishing International and Palmetto Pedic. “We are offering an expansive selection of made-in-America products that will give major U.S. bedding suppliers innovative and sustainable choices and at the same time, alleviate many of the supply chain difficulties that have plagued the bedding market in recent months.”
Palmetto Pedic poured its first U.S.-made foam at its Gaffney, S.C. plant on Sept.17. The company currently has the capacity to produce 3,000 mattresses per day, and the recent purchase of a 350,000-square-foot plant in Blacksburg, S.C. will increase that capacity to 8,000 mattresses per day. The new Blacksburg plant is located just down the Interstate-85 highway corridor from the Gaffney plant, which will enable both plants to easily and efficiently collaborate on production runs.
Palmetto Pedic was formed in March 2019 as a joint venture between a group of private investors and Home Furnishing International, a privately held vertical fabric and home fashions supplier with annual sales estimated in excess of $200 million.
The buying power of both Home Furnishings International and its private investors also benefits Palmetto Pedic when it comes to negotiating for chemicals and other raw materials, according to Li.
“It is no secret that there have been major shortages of the chemicals used to make foam, which has led to delays and shortages in the mattress manufacturing sector,” Li states. “We are able to leverage the strong relationships that Home Furnishings International and our investors have with raw materials suppliers in order to ensure that we have a steady supply of the chemicals and other resources that we need for Palmetto Pedic.”
Palmetto Pedic is targeting the line to major U.S. bedding producers and upholstered furniture manufacturers, and will be meeting with customers in the showroom of its sister company, American Decorative Fabrics, located at 312 S. Hamilton St., Second Floor, Suite 201-D, in High Point.« Previous Post Next Post »